Bullish pin bar | 31 May 2017

31 May 2017, EUR/USD

Bullish pin bar
Wave Analysis:
Yesterday, this pair opened at 1.1166, went as low as 1.1109 but ended up closing at 1.1185, just a few pips above its opening price. The previous day's candle is a perfect bullish pin bar above a short term key level 1.1103. As long as this level is not violated to the lower side, we expect a possible bullish price movements towards 1.1398. This pair should be traded alongside GBPUSD and NZDUSD. These pairs will have a similar price action during this intraday.
Trade Recommendations:

Expect a possible bullish price movements towards 1.1396

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Bob Stan
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